Cheap valuations, oversold technicals and sky high implied volatility set up ideally for a trade.
It just reached historically oversold levels that have been great buying opportunities in the past.
It’s now the most overbought and overvalued stock in the past two years.
Overbought technicals and euphoric sentiment indicate its post-earnings rally is now past its prime.
Traders should take advantage of the overblown coronavirus fears and look to be a buyer on any weakness.
The stock is going parabolic although the earnings remain stagnant. Historically rich valuations and overbought technicals point to a pullback.
Overbought technicals and rich valuations point to a looming pulllback as momentum wanes.
Rich valuations and technical resistance point to a pullback.
Rich valuations, overbought technicals and extreme complacency provide headwinds over the coming months.
Up 169% year-to-date, valuations and technicals have reached extremes. Look for it to go on sale over the near-term.